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BlockQuarry Provides Update on 2021 and 2022 Growth Projections Following FINRA-Approved Name and Symbol Change
BlockQuarry Provides Update on 2021 and 2022 Growth Projections Following FINRA-Approved Name and Symbol Change
BlockQuarry's next-gen POD 5
Interior of a BlockQuarry 20 MW next-gen POD 5 container equipped with secure servers.Next-gen POD 5 container
Exterior of BlockQuarry's next-gen POD 5 container, which can be mobilized and relocated at any time.HOUSTON, April 05, 2022 (GLOBE NEWSWIRE) -- via InvestorWire -- BlockQuarry Corp, (OTC: BLQC) ("BlockQuarry" or the "Company"), formerly known as ISW Holdings, a Texas-based company with primary commercial-stage operations in cryptocurrency mine hosting and self-mining in the Southeast United States, is excited to provide the following update to its current and prospective shareholders as the Company scales cryptocurrency mining operations following the granting of its corporate name and stock symbol change by FINRA.
As recently announced, the Company has begun implementing its 200-megawatt ("MW") project in Gaffney, South Carolina, deploying the first 20 MW next-gen POD 5 containers equipped with secure servers that can be mobilized and relocated at any time.
"Our December Q report isn't out yet, but we are looking for annual 2021 revenues topping $1.06 million, which comes in well above our projections from midyear and represents nearly 1,900% growth over our 2020 topline," stated Alonzo Pierce, president and chair of BlockQuarry. "While we suspected our December revenues to level out a bit as a consequence of moving our self-mining facility from Pennsylvania to our Southeastern U.S. location, we effectively minimized the impact of that transition and enter April with tremendous momentum."
At present, and as covered in recent Company updates, BlockQuarry, Bit5ive, LLC ("Bit5ive") and Bitmain Technologies Ltd. ("BITMAIN") are managing and hosting partners in Gaffney. The partners delivered and deployed 20 MW of built-out mining infrastructure before the end of March 2022, as previously projected. The project has been scaling up mining activity on a daily basis and will soon represent the largest cryptocurrency mining operation in the region.
The Company plans to expand by an additional 80 MW in phase 2 to bring its total capacity to 100 MW, which management believes will continue on to eventually reach 200 MW driven by 56,000 new ASIC rigs.
About BlockQuarry
BlockQuarry focuses on cryptocurrency mine hosting and self-mining operations at a leased property located in Gaffney, South Carolina. BlockQuarry also maintains a fleet of digital/cryptocurrency mining equipment and infrastructure.
Forward-Looking Statements
This press release may contain forward-looking statements that involve risks and uncertainties. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology including "could," "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" and the negative of these terms or other comparable terminology. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this report. Except as required by applicable law, we do not intend to update any of the forward-looking statements so as to conform these statements to actual results. Investors should refer to the risks disclosed in the Company's reports filed from time to time with OTC Markets.
Corporate Communications
IBN (InvestorBrandNetwork)
Los Angeles, California
310.299.1717 Office
Editor@InvestorBrandNetwork.com
Attachments
- BlockQuarry's next-gen POD 5
- Next-gen POD 5 container
BlockQuarry's next-gen POD 5
BlockQuarry的下一代POD 5
Next-gen POD 5 container
新一代POD 5容器
HOUSTON, April 05, 2022 (GLOBE NEWSWIRE) -- via InvestorWire -- BlockQuarry Corp, (OTC: BLQC) ("BlockQuarry" or the "Company"), formerly known as ISW Holdings, a Texas-based company with primary commercial-stage operations in cryptocurrency mine hosting and self-mining in the Southeast United States, is excited to provide the following update to its current and prospective shareholders as the Company scales cryptocurrency mining operations following the granting of its corporate name and stock symbol change by FINRA.
休斯頓,2022年4月5日(環球社)--通過InvestorWire--BlockQuarry Corp(場外交易代碼:BLQC)(前身為ISW Holdings),前身為ISW Holdings,一家總部位於得克薩斯州的公司,在美國東南部擁有加密貨幣礦託管和自採的主要商業階段業務,隨着公司在FINRA批准其公司名稱和股票代碼變更後擴大加密貨幣開採業務,該公司興奮地向其現有和潛在股東提供以下最新情況。
As recently announced, the Company has begun implementing its 200-megawatt ("MW") project in Gaffney, South Carolina, deploying the first 20 MW next-gen POD 5 containers equipped with secure servers that can be mobilized and relocated at any time.
正如最近宣佈的那樣,該公司已開始在南卡羅來納州加夫尼實施其200兆瓦(“MW”)項目,部署了第一批20兆瓦的下一代POD 5集裝箱,配備了安全的服務器,可以隨時移動和重新定位。
"Our December Q report isn't out yet, but we are looking for annual 2021 revenues topping $1.06 million, which comes in well above our projections from midyear and represents nearly 1,900% growth over our 2020 topline," stated Alonzo Pierce, president and chair of BlockQuarry. "While we suspected our December revenues to level out a bit as a consequence of moving our self-mining facility from Pennsylvania to our Southeastern U.S. location, we effectively minimized the impact of that transition and enter April with tremendous momentum."
BlockQuarry總裁兼董事長阿隆佐·皮爾斯表示:“我們12月份的季度報告尚未出爐,但我們預計2021年的年收入將超過106萬美元,遠高於我們從年中開始的預測,比2020年的收入增長近1900%。”雖然我們懷疑,由於將自採設施從賓夕法尼亞州遷至美國東南部,我們12月份的收入將略有持平,但我們有效地將過渡的影響降至最低,並以巨大的勢頭進入4月份。
At present, and as covered in recent Company updates, BlockQuarry, Bit5ive, LLC ("Bit5ive") and Bitmain Technologies Ltd. ("BITMAIN") are managing and hosting partners in Gaffney. The partners delivered and deployed 20 MW of built-out mining infrastructure before the end of March 2022, as previously projected. The project has been scaling up mining activity on a daily basis and will soon represent the largest cryptocurrency mining operation in the region.
目前,正如最近的公司更新所述,BlockQuarry、Bit5ve、LLC(“Bit5ve”)和Bitmain Technologies Ltd.(“BITMAIN”)是Gaffney的管理和託管合作伙伴。合作伙伴如先前預測的那樣,在2022年3月底之前交付和部署了20兆瓦的已建成採礦基礎設施。該項目每天都在擴大采礦活動,不久將成為該地區最大的加密貨幣開採行動。
The Company plans to expand by an additional 80 MW in phase 2 to bring its total capacity to 100 MW, which management believes will continue on to eventually reach 200 MW driven by 56,000 new ASIC rigs.
該公司計劃在第二階段再擴大80兆瓦,使其總裝機容量達到100兆瓦,管理層相信,在56,000個新的ASIC鑽機的推動下,最終將達到200兆瓦。
About BlockQuarry
關於BlockQuarry
BlockQuarry focuses on cryptocurrency mine hosting and self-mining operations at a leased property located in Gaffney, South Carolina. BlockQuarry also maintains a fleet of digital/cryptocurrency mining equipment and infrastructure.
BlockQuarry專注於位於南卡羅來納州加夫尼的一處租賃物業的加密貨幣礦託管和自採業務。BlockQuarry還維護着一支數字/加密貨幣採礦設備和基礎設施車隊。
Forward-Looking Statements
This press release may contain forward-looking statements that involve risks and uncertainties. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology including "could," "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" and the negative of these terms or other comparable terminology. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this report. Except as required by applicable law, we do not intend to update any of the forward-looking statements so as to conform these statements to actual results. Investors should refer to the risks disclosed in the Company's reports filed from time to time with OTC Markets.
前瞻性陳述
本新聞稿可能含有涉及風險和不確定因素的前瞻性陳述。這些陳述與未來事件或我們未來的財務表現有關。在某些情況下,您可以通過“可能”、“可能”、“將”、“應該”、“預期”、“計劃”、“預期”、“相信”、“估計”、“預測”、“潛在”等術語以及這些術語或其他類似術語的負面含義來識別前瞻性陳述。雖然這些前瞻性陳述及其所依據的任何假設都是真誠作出的,並反映了我們目前對業務方向的判斷,但實際結果幾乎總是與本報告中建議的任何估計、預測、預測、假設或其他未來表現大相徑庭,有時存在重大差異。除非適用法律要求,我們不打算更新任何前瞻性陳述,以使這些陳述與實際結果相符。投資者應參考公司不時向場外市場提交的報告中披露的風險。
Corporate Communications
IBN (InvestorBrandNetwork)
Los Angeles, California
310.299.1717 Office
Editor@InvestorBrandNetwork.com
企業通信
IBN(InvestorBrandNetwork)
加利福尼亞州洛杉磯
310.299.1717辦公室
郵箱:EDITOR@InvestorBrandNetwork.com
Attachments
附着物
- BlockQuarry's next-gen POD 5
- Next-gen POD 5 container
- BlockQuarry的下一代POD 5
- 新一代POD 5容器
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